Minnesota HF4574 establishes a subtraction for firefighter pension income in individual income tax calculations.

Minnesota HF4574 amends the state's individual income tax law by adding a subtraction for firefighter pension income. This subtraction applies to annuity income, lump-sum payments, or other pension benefits from a public retirement plan based on service as a firefighter. The provision is effective for taxable years beginning after December 31, 2025.

Minnesota HF4574 establishes a subtraction for firefighter pension income in individual income tax calculations.

Minnesota HF4574 amends the state's individual income tax law by adding a subtraction for firefighter pension income. This subtraction applies to annuity income, lump-sum payments, or other pension benefits from a public retirement plan based on service as a firefighter. The provision is effective for taxable years beginning after December 31, 2025.